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Denison Mines Corp. (AMEX: DNN): Unlocking Growth Opportunity

Denison Mines Corp. (AMEX:DNN) shares, rose in value on Wednesday, 06/22/22, with the stock price down by -3.77% to the previous day’s close as strong demand from buyers drove the stock to $1.02.

Actively observing the price movement in the last trading, the stock closed the session at $1.06, falling within a range of $1.00 and $1.04. The value of beta (5-year monthly) was 1.88 whereas the PE ratio was 15.45 over 12-month period. Referring to stock’s 52-week performance, its high was $2.14, and the low was $0.92. On the whole, DNN has fluctuated by -9.73% over the past month.

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With the market capitalization of Denison Mines Corp. currently standing at about $834.05 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 02, 2022 – Mar 07, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.01, which is expected to increase to -$0.01 for fiscal year -$0.02 and then to about -$0.03 by fiscal year 2023. Data indicates that the EPS growth is expected to be -200.00% in 2023, while the next year’s EPS growth is forecast to be -50.00%.

Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $9.16 million, representing a decrease of -40.80% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that DNN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of DNN currently trading nearly -13.07% and -20.36% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.33, while the 7-day volatility ratio is showing 5.73% which for the 30-day chart, stands at 6.67%. Furthermore, Denison Mines Corp. (DNN)’s beta value is 1.87, and its average true range (ATR) is 0.09. The company’s stock has been forecasted to trade at an average price of $2.61 over the course of the next 52 weeks, with a low of $1.95 and a high of $4.17. Based on these price targets, the low is -91.18% off current price, whereas the price has to move -308.82% to reach the yearly target high. Additionally, analysts’ median price of $2.30 is likely to be welcomed by investors because it represents a decrease of -125.49% from the current levels.

A comparison of Denison Mines Corp. (DNN) with its peers suggests the former has fared considerably weaker in the market. DNN showed an intraday change of -3.77% in last session, and over the past year, it shrunk by -22.14%%. In comparison, Ur-Energy Inc. (URG) has moved lower at -4.42% on the day and was down -32.50% over the past 12 months. On the other hand, the price of Cameco Corporation (CCJ) has fallen -3.33% on the day. The stock, however, is off 6.97% from where it was a year ago. Additionally, there is a loss of -7.12% for Uranium Energy Corp. (UEC) in last trading while the stock has seen an overall depriciation of 15.19%% over the past year. The PE ratio stands at 15.45 for Denison Mines Corp. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.13%. Meanwhile, the Dow Jones Industrial Slipped by -0.15%.

Data on historical trading for Denison Mines Corp. (AMEX:DNN) indicates that the trading volumes over the past 3 months, they’ve averaged 9.81 million. According to company’s latest data on outstanding shares, there are 814.79 million shares outstanding.

Nearly 12.00% of Denison Mines Corp.’s shares belong to company insiders and institutional investors own 7.30% of the company’s shares. The stock has fallen by -25.55% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DNN stock heading into the next quarter.

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